Seanad debates

Tuesday, 11 December 2012

Credit Union Bill 2012 : Committee Stage

 

5:10 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

We will not accept the amendment but we will put forward our own to express the Senator's position more clearly in the Bill. An argument has been put forward with regard to circumstances in which a credit union cannot get anyone, and we will make provision for it in a later amendment. I will provide the Senator with the reference to it in a moment. The exclusion issue was very hotly debated in both Houses and we have gone as far as we can in terms of reflecting the consensus position of colleagues in both Houses. The reworked section 15 on the board of directors and narrowing the exclusions will be to the benefit of the Bill. I take the point with regard to a credit union not being able to get someone and we have attempted to deal with it to express Senator Reilly's views on it. As we go through Committee Stage the Senator will see this.

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